Skip to main content

Featured

TSX Hits Record High as Iran Deal Lifts Markets — Daily Update, June 16, 2026

Oil tumbles on Strait of Hormuz reopening framework. All eyes on the Federal Reserve as Kevin Warsh chairs his first policy meeting. Here is everything moving Canadian wallets today. Tuesday, June 16, 2026  |  MoneySavings.ca 🇨🇦 TSX — Another Record on the Books The S&P/TSX Composite closed at a fresh all-time high on Monday, June 15, topping 35,398 intraday before finishing near the upper end of its range. The index is now up more than 11% year-to-date , the second-best performance among major global indexes tracked through mid-June — behind only Japan's Nikkei (+31%). Monday's rally was broad-based, fuelled by a surge in risk appetite following the announcement of a U.S.–Iran peace framework over the weekend. Energy, financials, and materials all participated, though energy stocks gained somewhat less than the others as crude oil prices simultaneously fell sharply on the Strait of Hormuz reopening news — a rare case where the same headline pushed the index up and one ...

article

Ontario Government Retreats on Rent Control and Lease Reform Proposal

Renters and advocates rallied together after the introduction of a proposal to change the tenancy lease framework for fear it could hurt long-term tenants and vulnerable renters, such as seniors and students, across Ontario.

The Ontario government has reversed course on a controversial proposal that could have reshaped the province’s rental housing system. Premier Doug Ford’s government had floated the idea of consultations on ending indefinite leases and potentially altering rent control rules, sparking widespread concern among tenants, housing advocates, and opposition politicians.

The proposal, buried within a new housing bill, suggested exploring “alternative options” to lease expiry rules that would have given landlords greater control over who occupies their units and for how long. Critics warned the move could have destabilized housing security for long-term renters, seniors, and students.

Following a wave of public backlash, Housing Minister Rob Flack announced that the government would not proceed with the consultations. He emphasized that residents expect “stability and predictability” in Ontario’s rental market and that now is not the time to consider such sweeping changes.

Tenant groups and housing advocates welcomed the decision, calling it a victory for renters’ rights. However, many remain cautious, noting that the government’s broader housing legislation still contains measures aimed at accelerating development and reducing regulatory hurdles, which could have indirect impacts on affordability.

For now, Ontario’s long-standing system of rent control and indefinite leases remains intact, but the debate has underscored the province’s ongoing struggle to balance landlord flexibility with tenant protections.


Comments